CheckFree Corporation (Nasdaq: CKFR) today announced that three solutions for corporate actions processing, reconciliation and exception management, and transaction processing have each achieved the highest SWIFTReady accreditation. The Society for Worldwide Interbank Financial Telecommunication (SWIFT) is the financial industry-owned co-operative supplying secure, standardised messaging services and interface software to 7,800 financial institutions in more than 200 countries.
"CheckFree has once again demonstrated continued investment in its solutions ensuring that they have the quality and adaptability to meet our increasingly stringent criteria," said Allan Spalding, Senior Business Manager, Partner Solutions at SWIFT. "CheckFree has achieved SWIFTReady Gold, the highest level of certification awarded by SWIFT. Each vendor's technology is judged on its ability to provide automation and support of SWIFT standards and Market Practice."
The CheckFree eVent(tm) solution, the company's powerful automation and workflow solution for corporate actions processing, has also received the SWIFTReady label for corporate actions for the third successive year.
For the seventh consecutive year, CheckFree's Accurate NXG reconciliation and exception management solution has secured the SWIFTReady Gold label for cash and securities reconciliation. CheckFree's transaction processing solution, CheckFree TradeFlow(tm), received the SWIFTReady Gold 2006 accreditation for financial enterprise application integration (EAI) for the seventh year running. The CheckFree TradeFlow solution enables global securities firms to manage the entire post-trade securities process across multiple departments, instruments and regions in real-time.
"We are honored that SWIFT has granted CheckFree its highest levels of certification," said Bert Harkins, vice president, global strategic marketing, CheckFree Software. "By consistently investing in each of our solutions, CheckFree continues to meet the constantly changing requirements of both our clients and the global financial services industry. Our SWIFT-accredited solutions deliver competitive advantage by driving performance and profitability, reducing operational costs and errors and potentially improving risk management capabilities."